CAPITAL MARKET
NIGERIAN STOCK MARKET INVESTORS GAIN N110BN AMID EIGHT-DAY BULLISH STREAK
Investors in the Nigerian Exchange Limited (NGX) recorded a profit of N110 billion in equities as the market extended its winning streak to eight consecutive sessions on Tuesday.
The market capitalisation, which opened at N91.921 trillion, appreciated by 0.12 per cent to close at N92.031 trillion. Similarly, the All-Share Index (ASI) gained 172.48 points or 0.12 per cent to settle at 144,995.26, up from 144,822.78 recorded the previous day.
The sustained positive momentum was driven by strong investor interest in stocks such as Cornerstone Insurance, Consolidated Hallmark Holdings, CHAMS, VFD Group, and International Energy Insurance, among others.
Market breadth closed on a positive note, with 39 gainers outperforming 34 decliners.
Cornerstone Insurance led the gainers’ chart with a 9.92 per cent rise to close at N6.65, while Livingtrust Mortgage Bank topped the losers’ list after dropping by 10 per cent to end at N5.94.
Access Corporation emerged as the most traded stock by volume, recording 45.86 million shares valued at N1.19 billion during the session.
"This represents a significant development in our ongoing coverage of current events."— Editorial Board